One among Amazons new electrical supply trucks from Rivian will get able to go away the Amazon Distribution Facility on Cyber Monday on November 28, 2022 in Aurora, Colorado.
Rj Sangosti | Denver Put up | Getty Photographs
Rivian and Amazon are in discussions to regulate the exclusivity clause in their settlement for the EV maker’s electrical supply vehicles, an organization spokeswoman mentioned Monday.
Getting rid of the exclusivity piece of the settlement would permit Rivian to courtroom new consumers as it really works to ramp manufacturing of the trucks and its R1 sequence pickup and SUV. The corporate may be running on a drawing close R2 type and is short of money. Final week, Rivian introduced plans to lift $1.3 billion by way of a sale of convertible notes to lend a hand fund R2 building and release.
Rivian spokeswoman Marina Norville mentioned in a observation the corporate’s courting with Amazon has and remains to be a favorable one.
“We proceed to paintings intently in combination, and are navigating a converting financial local weather, very similar to many corporations,” she mentioned.
Rivian and Amazon struck a deal in 2019 handy over 100,000 electrical vehicles to the e-commerce large. Amazon started handing over applications with the automobiles in July, and Rivian remaining month touted 10 million applications delivered by way of the trucks.
However Amazon, Rivian’s greatest shareholder, has since underwhelmed with its order numbers, telling Rivian it sought after to shop for about 10,000 automobiles this yr — the low finish of a prior to now said vary, in line with The Wall Boulevard Magazine, which first reported the discussions to finish exclusivity.
Amazon mentioned in a observation to CNBC that 10,000 automobiles was once the unique dedication, and that there was no exchange to its order quantity or partnership with Rivian.
“Whilst not anything has modified with our settlement with Rivian, we’ve got at all times mentioned that we wish others to have the benefit of their generation in the end as a result of having extra electrical supply automobiles at the highway is excellent for our communities and our planet,” an Amazon spokesperson mentioned.
Stocks of Rivian fell round 3% Monday.
—CNBC’s Annie Palmer and John Rosevear contributed to this file.
